On June 9, 2022, the Office of the Superintendent of Financial Institutions (OSFI) published its summary response to feedback received from stakeholders regarding draft Guideline B-13: Technology and Cyber Risk Management (Guideline B-13), that will apply to federally regulated financial institutions, as previously reported by the E-TIPS® Newsletter here.
During a three-month consultation period, OSFI received feedback from interested stakeholders. As a result of this feedback, OSFI implemented the following changes to the final Guideline B-13:
OSFI states that the final Guideline B-13 will be published in the coming weeks. We will provide a summary of the final Guideline B-13 following its release.
Summary By: Olalekan (Wole) Akinremi
Disclaimer: This Newsletter is intended to provide readers with general information on legal developments in the areas of e-commerce, information technology and intellectual property. It is not intended to be a complete statement of the law, nor is it intended to provide legal advice. No person should act or rely upon the information contained in this newsletter without seeking legal advice.
E-TIPS is a registered trade-mark of Deeth Williams Wall LLP.